Here's Why Corteva Stock Jumped on Friday
Corteva (NYSE: CTVA) stock surged Friday morning and was trading 8% higher as of 3:30 p.m. EDT. The market gave a thumbs up to the agriscience specialist as it trumped Wall Street with its second-quarter numbers, upgraded its full-year guidance for the second straight quarter, and announced a fresh share-repurchase program.
Here are some notable numbers from Corteva's second-quarter report (all changes year over year):
Sales from both its seed and crop protection system increased, thanks to strong demand for its Enlist soybean seeds as a result of an increased number of planted acres in North America and sales of new crop protection products. Several of its products won approval in the first half of the year, including Arylex and another herbicide in 12 countries, one fungicide in seven countries, and Pyraxalt insecticide in two countries.
Source Fool.com
